Diversified Trust Co Buys Shares of 10,371 Hanger, Inc. (NYSE:HNGR)


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Diversified Trust Co bought a new stake in Hanger, Inc. (NYSE:HNGR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,371 shares of the company’s stock, valued at approximately $228,000.

A number of other hedge funds have also recently bought and sold shares of the business. Sei Investments Co. lifted its holdings in Hanger by 7.0% in the third quarter. Sei Investments Co. now owns 22,900 shares of the company’s stock valued at $362,000 after acquiring an additional 1,500 shares during the period. Public Employees Retirement System of Ohio bought a new position in Hanger in the third quarter valued at about $82,000. California State Teachers Retirement System lifted its holdings in Hanger by 2.3% in the third quarter. California State Teachers Retirement System now owns 55,972 shares of the company’s stock valued at $885,000 after acquiring an additional 1,253 shares during the period. Jane Street Group LLC bought a new position in shares of Hanger in the third quarter worth about $549,000. Finally, Cubist Systematic Strategies LLC raised its stake in shares of Hanger by 58.1% in the third quarter. Cubist Systematic Strategies LLC now owns 24,632 shares of the company’s stock worth $390,000 after buying an additional 9,048 shares during the period. 90.40% of the stock is currently owned by institutional investors.

NYSE:HNGR opened at $23.06 on Thursday. The company has a current ratio of 1.40, a quick ratio of 1.11 and a debt-to-equity ratio of 15.28. Hanger, Inc. has a 12-month low of $11.31 and a 12-month high of $27.74. The stock has a 50-day moving average price of $22.65 and a 200 day moving average price of $20.76. The stock has a market capitalization of $878.79 million, a P/E ratio of 21.75 and a beta of 2.53.

Hanger (NYSE:HNGR) last released its earnings results on Wednesday, November 4th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.30. Hanger had a return on equity of 237.97% and a net margin of 3.99%. The firm had revenue of $256.64 million during the quarter, compared to analysts’ expectations of $246.01 million. On average, research analysts predict that Hanger, Inc. will post 0.18 earnings per share for the current fiscal year.

HNGR has been the topic of several recent research reports. Zacks Investment Research downgraded Hanger from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 6th. BidaskClub downgraded Hanger from a “buy” rating to a “hold” rating in a research note on Wednesday, December 23rd. ValuEngine raised Hanger from a “hold” rating to a “buy” rating in a research note on Friday, October 2nd. Finally, TheStreet downgraded Hanger from a “b-” rating to a “c” rating in a research note on Monday, November 9th.

Hanger Company Profile

Hanger, Inc provides orthotic and prosthetic (O&P) services; and distributes O&P devices and components, manages O&P networks, and provides therapeutic solutions to patients and businesses in acute, post-acute, and clinic settings in the United States. It operates through two segments, Patient Care and Products & Services.

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Institutional Ownership by Quarter for Hanger (NYSE:HNGR)

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